Hyderabad, Feb 15 : Home Minister P. Chidambaram has said that the next financial year would be tough for the Indian economy, but a turnaround should come in October.

"The first two quarter will indeed be difficult. The turnaround should come some time in October 2009, or little thereafter," he said at a meeting after inaugurating a branch of the Union Bank of India in Hyderabad on Saturday.

Hyderabad, Feb 11: A day after a stormy session of the Uttar Pradesh budget assembly, the Andhra Pradesh Assembly too experienced a ruckus over Chief Minister Y S Rajasekhara Reddy''s alleged links with former Satyam Computers Chairman B. Ramalinga Raju.

According to the opposition, the newspaper "Sakshi", owned by Reddy''s son Jagmohan was funded by Raju. This, they said, showed the deep relations between Raju and Reddy family.

It was also suspected that Jagmohan''s wealth was invested in Maytas Infra, headed by Raju''s son Teja.

Hyderabad, Feb 10 : While the general elections are round the corner, an entrepreneur in Hyderabad is busy custom designing election vehicles for several political leaders.

K. Sudhakar, the owner of Sudha cars, who made a small fortune for himself by designing around 20 election vehicles during the last polls, has once again turned his garage into a workshop for making vehicles for his political clients.

Parsvnath Hotels Ltd. a subsidiary of Parsvnath Developers Limited (PDL), India's leading real estate and Infrastructure Company, has received 5 star category project approval from Ministry of Tourism, Government of India for its hotel project, situated at Hyderabad.

The project spread over an area of approximately 11063.68 sq. meters area would offer a judicious blend of Shopping Mall, Office Complexes and a Five Star category Hotel.

Rain CII Carbon India (RCCIL), a wholly-owned subsidiary of Hyderabad-based cement manufacturer Rain Commodities, has concluded a deal with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.

Under the arrangement, the company will sell all the carbon credits it generates during July 12, 2007 to July 15, 2011.

Last month, Rain Commodities Ltd, producers of calcined petroleum coke and cement has notified that Rain CII Carbon has implemented `Oxygen Lancing' at its Indian calcinations plant.

Country’s premier software industry, Sun Microsystems is all set to organize its global annual developer conference at the Hyderabad International Convention Centre (HICC), Hyderabad February 18-20 for the third time in a row.

Apart from Hyderabad, the conference would also have its supporting sessions in Pune and Chennai.

In its press release, the company said that the three day event is fundamentally designed to display how developers can leverage Sun technologies, services and products to drive the next generation of technology innovation.